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Wednesday, May 23, 2012

Sri Lankan stocks fall two percent

The 280-stock tracker All Share Price Index fell 2.08 percent or 107.50 points to close at 5,048.11, while the 25-stock Milanka Price Index dipped1.88 percent or 88.00 points to end at 4,568.51,
according to Colombo Stock Exchange figures.

Turnover was 817.95 million rupees, with foreign buying at 529.76 million rupees over sales of 398.49 million rupees, the exchange said.

Wednesday’s trading was dominated by conglomerate John Keells Holdings PLC, which fell 6.10 rupees to 196.50 rupees on 1.9 million shares.

A block of 657,912 JKH shares crossed the floor at 200.00 rupees during early trade.

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Quotes By Warren Buffet

On Earnings: "Never depend on single income. Make investments to create a second income".On Spending: "If you buy things you do not need, soon you will sell things you need". On Savings: "Do not save what is left after spending,but spend what is left after saving".On Taking Risk: "Never test the depth of riverwith both the feet".On Investment: "Do not pull all eggs in one basket".